Discus Systems PLC - IT Support Company in Birmingham West midlands
0800 880 3360
 
Virgin Group just invested in Hyperloop One -and Richard Branson now sits on the board
Posted by Damien Biddulph on Mon 16th Oct 2017

108 Views



richard branson hyperloopRichard Branson (center) stands in front of the Hyperloop at Hyperloop One's test site in Nevada. Virgin Group

Hyperloop One just struck a major deal with Richard Branson's Virgin Group.

Virgin Group announced Thursday that it has invested in Hyperloop One, a startup that's working on constructing the high-speed transit system Elon Musk first outlined in a white paper in 2013. The terms of the deal weren't disclosed, but the investment was significant enough that Hyperloop One will now be called Virgin Hyperloop.

"After visiting Hyperloop One’s test site in Nevada and meeting its leadership team this past summer, I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times," Virgin Group founder Richard Branson said in a press release.

Hyperloop One is headed by Shervin Pishevar, a Silicon Valley venture capitalist best known as an early investor in Uber. The Los Angeles-based startup is conducting feasibility studies in Dubai and Finland for the transit system. US cities like Denver and Nevada have alsosubmitted proposals for the construction of a Hyperloop.

The Hyperloop is a nascent transportation system that works by shooting pods through a vacuumed-sealed tube at speeds that experts say could reach 700 mph. 

The company has conducted two successful tests of its Hyperloop system on its 500-meter development track in Nevada.

In August, the Hyperloop traveled almost the entire length of the track and reached a top speed of 192 mph. It reached a top speed of 70 mph after traveling 300 feet a month prior. The company still needs to demonstrate that the system could transport people on tracks long enough to connect cities.

 

Source: uk.businessinsider.com

+0

-0

 
corner spacer corner


Related News

   
corner spacer corner
Veeam Specialist Microsoft Small Business Specialists Birmingham Microsoft Gold Certified Partner Birmingham Siemens Solution 1 Reseller Birmingham Sonicwall Specialists Birmingham Business Link Approved Birmingham Fujitsu Primergy Certified Partner Birmingham Facebook Follow us on Twitter ESET NOD32 VMWare
IT Support
IT Services
IT Solutions
Get Support Now
Sitemap
© 2017 Discus Systems plc. All rights reserved. Content Management by Verve Digital